Premarket: Stocks skid, gold gains as tariffs wipe out inflation relief

News Snapshot:

European stocks and U.S. futures slipped on Thursday as investors turned their attention back to an escalating global trade war, after a mild rally on the back of softer-than-expected U.S. inflation data on Wednesday. Stocks fell in Asia, reversing initial gains, while gold climbed to within $10 of its record peak and the safe-haven yen ticked up. The pan-European STOXX 600 index dipped slightly in early trading after rising 0.81% on Wednesday, while Germany’s DAX was down 0.62%. Futures pointed to a lower start for Wall Street at the open, with S&P 500 futures losing 0.54% and Nasdaq futures off...